POWER LINK 2015: AGCO CORPORATION SELECTS SYNERTRADE

Munich, Paris, Milan, New York, Dubai – January 26, 2015. AGCO, the global leader in the design, manufacture and distribution of agricultural machinery selected the SynerTrade platform to strengthen the integration of its supplier network.

München, (PresseBox) - „ AGCO Purchasing has transformed into a truly global organization and now Global Commodity Teams are managing spend across all regions and brands. To further execute our strategy we are establishing and streamlining our processes. In parallel, we have launched our new and innovative supplier integration program ASPIRE to better collaborate with our supplier network and foster a culture of competitiveness and innovation sharing. SynerTrade’s Software solution will help us bring our global purchasing to the next level of automation. It will increase our maturity and make our global teams stronger” commented Josip Tomasevic, CPO of the AGCO Corporation.
SynerTrade stands for innovation, partnership and profitability. The SynerTrade Software with its unique C E L L. F L E X Technology™ provides applications, which are as individual as the company-DNA itself. More than 27 SynerTrade Applications identify individually the singular pulse, the specific design and the relevant content of each business process. This enables a transparent platform to share innovation worldwide for faster processes and an improved time to market.
“We want to be the preferred customer of our suppliers. Therefore we have to leverage synergies in our global supplier network and also offer opportunities to our partners. The SynerTrade platform provides an efficient and standard supplier collaboration and quoting process. Additionally it will help us to create the same understanding about compliance and transparency, everywhere” explained Jan Theissen, Director Strategy & Methods at AGCO Corporation.
SynerTrade has no doubt that it will achieve, hand in hand with AGCO, the defined corporate goals. Both companies combine entrepreneurial spirit in volume and understand how bundling drives innovation into processes and products. This will enable AGCO to leverage synergies also for its suppliers and grow together in a valuable way.
“We are totally happy that AGCO trusts in our team and product and that we can make a difference in its future purchasing world. We permanently keep an eye on the style- and use-guide of our platform. A Software should be loved to work with. Only a software which is constantly used can make the difference,” commented Rainer Machek, Executive Vice President of SynerTrade.

About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture and distribution of agricultural machinery. AGCO supports more productive farming through a full line of tractors, combines, hay tools, sprayers, forage equipment, grain storage and protein production systems, tillage implements and replacement parts. AGCO products are sold through five core machinery brands, Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra® and are distributed globally through approximately 3,100 independent dealers and distributors in more than 140 countries worldwide. Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2013, AGCO had net sales of $10.8 billion.

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